Pakistan’s $474 Billion Natural Wealth at Risk from Rapid Depletion: World Bank Report
A recent World Bank report sounds the alarm on Pakistan’s rapidly depleting natural capital, valued at a staggering $474 billion,…
SBP Boosts Asaan Account Limits by Rs. 5 Million for Eid Ul Adha Cattle Markets
The State Bank of Pakistan (SBP) announced temporary increases to transaction and balance limits for specific accounts to promote digital…
Pakistan Interest Rate Cut Expected in June: Survey Predicts 200 Basis Point Reduction
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) meeting on June 10th is highly anticipated due to the…
Meezan Bank Partners with Legends Arena to Promote Health and Fitness in Karachi
Meezan Bank, Pakistan’s leading Islamic bank, has joined forces with Legends Arena, a state-of-the-art sports complex in Karachi, to promote…
Bahrain’s GFH Acquires 75% Stake in Faysal Bank JV, Eyes Ithmaar’s Broader Portfolio
Faysal Bank Limited’s (PSX: FABL) parent company, Ithmaar Holding, secured shareholder approval at its EOGM on Wednesday for the sale…
US Eyes Reko Diq Mine Funding, Potential First Major Investment in Pakistan
The United States is considering providing debt financing for Pakistan’s massive Reko Diq mining project through its Export-Import Bank (Exim…
Pakistan’s KIBOR Rates Fall After Successful Bond Auction
Pakistan’s key lending rates, reflected in the Karachi Interbank Offered Rate (KIBOR), witnessed a significant drop following a successful government…
Pakistan’s SBP Reserves Dip $63 Million, Still Above $9 Billion
The State Bank of Pakistan’s (SBP) foreign exchange reserves dipped by $63 million in a week, according to data released…
Pakistan’s Islamic Banking Industry Booms, Assets Surge to Rs. 9 Trillion
Pakistan’s Islamic Banking Industry (IBI) has achieved a remarkable milestone, reaching Rs. 9 trillion in total assets, according to the…
Pakistan Sees Drop in Cash Holdings Despite Money Supply Increase
Pakistan’s cash holdings have dipped by a significant Rs. 212 billion during the current fiscal year (FY24) according to the…